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EUR/USD Forms a Doji Pattern

April 16, 2009 (Last updated on April 17, 2009) by

EUR/USD traded both down and up during today’s Forex session. The  U. S. fundamental reports didn’t bother the Forex market much; it just continued to move with the current risk-averting trend. EUR/USD is now trading near 1.3204.

Building permits in U.S. were at a seasonally adjusted annual rate of 513k in March — down from 564k (revised up from 547k) in February. Housing starts were at 510k compared to 572k (revised down from 583k). Both indicators were expected to be reported at about 550k.

Initial jobless claims decreased rapidly last week — from 663k to 610k. The forecast showed 658k.

Philadelphia Fed business outlook indicator improved from -35 in March to -24.4 in April. That was unexpectedly large gain as the forecasts showed an increase only to -32.

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